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There are thousands of corporate training programs out there. From small consultancies offering bespoke training to reputable business schools such as IMD to online training, the choice seems endless. As a senior executive, finding the right corporate training program is crucial. You need to maximize your time away from the office and be sure that the program you choose will improve your capabilities and prepare you for future challenges.
So how can you go about finding the right corporate training programs? Here are a few pointers.
Consider what you’re trying to achieve through corporate training and what you will need to achieve it. In-house training by consultants can be good and targeted, but consider the added value of programs that allow you to share experiences and business approaches with your peers – other high-level executives from different industries and different parts of the world. This is one of the many benefits of corporate training programs at IMD, one of the top business schools in the world. Others include interactions with world-class faculty as well as the flexibility to address your unique challenges even in an open program.
If you are looking to boost your performance or knowledge in a particular area, then a short program of a few days may be the best fit. But if you are looking to make transformational changes to your business and yourself, then consider longer corporate training programs. These will give you the necessary time and space to reflect on your industry, challenges and personal objectives, as well as examine new viewpoints and assess game-changing strategies.
IMD’s Organizational Learning in Action (OLA) is an example of a training program that helps you reassess every aspect of your business performance. As well as giving you the time and tools to deeply re-examine your company and yourself, this three-part program challenges you to consider broader strategies for keeping your company competitive. You’ll look at the many obstacles seemingly in the way, such as the changing economic, environmental and regulatory landscape. And you’ll hear how transformational leaders steered their way through similar challenges. This type of in-depth corporate training program is essential if you want to reach real breakthroughs.
To ensure you choose the right program for you, it’s important to do your research. Identify the corporate training programs that seem to meet your needs - and then investigate deeper. Look for testimonials from former participants - are they from companies you recognise? Are the participants at the same level as you? Do they represent a good mix of industries and geographies? Your experience will be shaped by who you are learning with, so it’s best to go with a program that attracts a diverse group of participants at the same high level as you.
Compare the credentials of the business schools offering the corporate training programs you have found. One way to identify the best schools is through executive education rankings from publications such as the Financial Times and The Economist. IMD, for example, is ranked first in executive education outside the US (2017) and first in open programs (2017) by the Financial Times. Independent assessments such as this indicate the quality and effectiveness of the school’s corporate training programs.